Insider Selling: Ambarella Insider Leslie Kohn Sells 10,000 Shares of Stock (AMBA)
Ambarella (NASDAQ:AMBA) Insider Leslie Kohn sold 10,000 shares of the stock on the open market in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $32.00, for a total value of $320,000.00. Following the transaction, the insider now directly owns 864,591 shares of the company’s stock, valued at approximately $27,666,912. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Ambarella (NASDAQ:AMBA) traded up 3.29% on Wednesday, hitting $32.30. 2,817,947 shares of the company’s stock traded hands. Ambarella has a 52 week low of $13.16 and a 52 week high of $36.49. The stock has a 50-day moving average of $26.10 and a 200-day moving average of $28.29. The company has a market cap of $943.9 million and a price-to-earnings ratio of 36.70.
Ambarella (NASDAQ:AMBA) last released its earnings data on Tuesday, June 3rd. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.04. The company had revenue of $40.90 million for the quarter, compared to the consensus estimate of $40.00 million. During the same quarter last year, the company posted $0.21 earnings per share. Ambarella’s revenue was up 20.6% compared to the same quarter last year. Analysts expect that Ambarella will post $1.17 EPS for the current fiscal year.
A number of research firms have recently commented on AMBA. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Ambarella in a research note on Wednesday, June 4th. They now have a $27.00 price target on the stock, down previously from $32.00. Separately, analysts at Ascendiant Capital Markets initiated coverage on shares of Ambarella in a research note on Monday, May 19th. They set a “buy” rating and a $30.00 price target on the stock. Finally, analysts at Dougherty & Co upgraded shares of Ambarella from a “neutral” rating to a “buy” rating in a research note on Thursday, April 10th. They now have a $35.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.85.
Ambarella, Inc is a developer of semiconductor processing solutions for video that enable high-definition (NASDAQ:AMBA), video capture, sharing and display.
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